Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

Nigeria records 4.1% drop in unemployment rate – NBS

Jessica Jacob

August 25, 2023
in News
0
Share on FacebookShare on TwitterShare on Whatsapp

Nigeria’s unemployment rate has dropped to 4.1% on revised methodology, according to a data by the National Bureau of Statistics (NBS).

The statistics office cited its new data which it claim was generated “in line with international best practices”. According to the report, the unemployment rate stand at 4.1% in the first quarter of 2023 as against the 5.3% in the fourth quarter of 2022.

Recall that it had earlier published its previous unemployment data around March 2021. Then, it claimed the country witnessed a 33.3% unemployment rate in the fourth quarter of 2020.

The report defines employed persons as “those in paid jobs and who worked for at least one hour in the last seven days, and considers underemployment as those working less than 40 hours a week and declaring themselves willing and available to work.”

The NBS said the revised data “aligns with the rates in other developing countries where work, even if only for a few hours and in low-productivity jobs, is essential to make ends meet, particularly in the absence of any social protection for the unemployed”.

Nigeria has faced high unemployment for decades as rapid population growth continues to outpace economic growth.

Related Posts

Sudan landslide kills more than 370 villagers
News

Sudan landslide kills more than 370 villagers

  A landslide has killed at least 370 people in the remote Marra Mountains in western Sudan. Antoine Gérard,...

by Editor
September 2, 2025
NBS reveals cooking gas price soars by 44.5% in less than 12 months
News

NBS reveals cooking gas price soars by 44.5% in less than 12 months

The National Bureau of Statistics has revealed the average retail price for refilling a 12.5 kg cylinder of  Gas...

by Editor
September 2, 2025
Lagos state road crash leaves one dead, two injured – LASTMA
News

Lagos state road crash leaves one dead, two injured – LASTMA

Again, another road crash has occurred at Idi-Iroko inward Ogolonto axis of Ikorodu Road, Lagos state resulting in the...

by Jessica Jacob
September 2, 2025
Commissioner reveals Jigawa prioritizes education with new budgetary allocation
News

Commissioner reveals Jigawa prioritizes education with new budgetary allocation

Jigawa State Commissioner for Higher Education, Isa Yusuf, has opened up on the steps taken by the state government...

by Editor
September 2, 2025
Next Post
Flood sweeps two children away in Anambra

Flood sweeps two children away in Anambra

Leave a Reply

Your email address will not be published. Required fields are marked *

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.